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CALGARY, Alberta — AltaLink, L.P. (“ALP”) is pleased to announce that BHE AltaLink Ltd. (“BHEAL”) has obtained the final order (the “Final Order”) from the Court of King’s Bench of Alberta (the “Court”) approving its previously announced internal reorganization (the “Internal Reorganization”). The Internal Reorganization will be completed by way of a plan of arrangement (the “Plan of Arrangement”) under the Business Corporations Act (Alberta).
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Subject to the satisfaction or waiver of the other conditions to closing contained in the arrangement agreement dated July 9, 2026 (the “Arrangement Agreement”), among ALP, BHEAL and certain other wholly-owned direct or indirect subsidiaries of BHEAL (collectively, the “AltaLink Entities”), as amended by the amending agreement dated August 27, 2026 (the “Amending Agreement”), the Internal Reorganization is expected to be completed on October 1, 2026.
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The Internal Reorganization will result in, among other things, AltaLink Ltd. (being the successor to ALP and certain AltaLink Entities under the Plan of Arrangement) becoming the regulated transmission utility and holding, directly or indirectly, all of the assets and liabilities presently held by ALP. Each of the entities involved in the Internal Reorganization are direct or indirect wholly-owned subsidiaries of BHEAL.
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A copy of the Final Order will be provided to relevant third parties in connection with the Internal Reorganization and will be made available under ALP’s profile on SEDAR+ and ALP’s website, www.altalink.ca. Further details regarding the Internal Reorganization are set out in the notice of originating application, amended notice of originating application, and originating application filed with the Court in connection with the Internal Reorganization, the Arrangement Agreement, the Amending Agreement and the Plan of Arrangement (attached as Schedule “A” to the Amending Agreement), each of which are also available under ALP’s profile on SEDAR+ and ALP’s website, www.altalink.ca.
Article contentAbout AltaLink, L.P.Article content
Headquartered in Calgary, with offices in Edmonton, Red Deer and Lethbridge, AltaLink, L.P. is Alberta’s largest electricity transmission provider, with approximately 13,400 kilometres of transmission lines and more than 310 substations. AltaLink, L.P. is partnering with its customers to provide innovative solutions to meet the province’s demand for reliable and affordable energy.
Article contentThis news release does not constitute an offer to sell or the solicitation of an offer to buy AltaLink, L.P.’s securities in any jurisdiction, including but not limited to, the United States. AltaLink’s securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold in the United States except in certain transactions exempt from the registration requirements of the U.S. Securities Act and applicable state securities laws.Article content
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Article contentExcept for the historical and present factual information contained herein, the matters set forth in this news release, including words such as “expects”, “intends”, “projects”, “plans”, “anticipates”, and similar expressions, are forward-looking information that represents management of AltaLink, L.P.’s internal projections, expectations or beliefs concerning, among other things, the Internal Reorganization and the timing and impacts thereof, future operating results and various components thereof or the economic performance of AltaLink, L.P.. The projections, estimates and beliefs contained in such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause AltaLink, L.P.’s actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, those described in AltaLink, L.P.’s filings with the Canadian securities authorities. Accordingly, holders of AltaLink, L.P. securities and potential investors are cautioned that events or circumstances could cause results to differ materially from those predicted. AltaLink, L.P. disclaims any responsibility to update these forward-looking statements.Article contentArticle contentArticle contentArticle contentView source version on businesswire.com: Article content
https://www.businesswire.com/news/home/20260908622977/en/
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Contacts
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Investor Relations
Paul Zimba Article content
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Vice President, Treasury and Planning
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AltaLink Management Ltd.
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403.988.8155
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